Acct 504 Midterm

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Grade for Xiaofeng Zou: Week 4 Midterm |

Numeric grade: | 120/135  | Letter grade: |   |

Comments:

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Autograde Summary |

Date Taken: | 9/25/2010 10:15:47 PM |

Time Spent: | 2:30:00 (2:30 allowed) |

Points Received: | 120 / 135 (88.9%) |

These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. |

Question Type: | # Questions: | # Correct: |

Multiple choice | 30 | 25 |

Essay | 2 | N/A |

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Grade Details |

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There are 3 pages in this exam:

Page:   | 1  |    | 2  |    | 3  |    |

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1. | Question: | (TCO A, B, C) Which type of corporate information is not available to investors? |

  | Your Answer: |          | | dividend history | |     |

         | | forecast of cash needs for the upcoming year | |    CORRECT |

         | | cash provided by investing activities | |     |

         | | beginning cash balance | |     |

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  | Instructor Explanation: | chapter 1 page 13 |

  | Points Received: | 3 of 3 |

2. | Question: | (TCO C) Issuing shares of stock in exchange for cash is an example of a(n) |

  | Your Answer: |          | | delivering activity. | |     |

         | | investing activity. | |     |

         | | financing activity. | |    CORRECT |

         | | operating activity. | |     |

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  | Instructor Explanation: | chapter 1 page 15 |

  | Points Received: | 3 of 3 |

3. | Question: | (TCO C) The statement of cash flows would disclose the payment of a dividend |

  | Your Answer: |          | | nowhere on the statement. | |     |

         | | in the operating activities section. | |     |

         | | in the investing activities section. | |     |

         | | in the financing activities section. | |    CORRECT |

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  | Instructor Explanation: |...